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Sep 30, 2020
ICE Q3 2020 Earnings Report
Reported strong results with revenue growth and strategic acquisition of Ellie Mae completed.
Key Takeaways
Intercontinental Exchange reported a 6% year-over-year increase in third-quarter revenues, reaching $1.4 billion. The acquisition of Ellie Mae contributed $75 million to the revenue. Adjusted EPS was $1.03, and the data services business grew by 6% year-over-year.
Third quarter revenues increased by 6% year-over-year to $1.4 billion.
GAAP EPS for the third quarter was $0.71, a decrease of 24% year-over-year.
Adjusted EPS for the third quarter was $1.03, a decrease of 3% year-over-year.
Completed the acquisition of Ellie Mae on September 4, 2020, which contributed $75 million to revenues.
ICE
ICE
Forward Guidance
The company remains focused on creating value for all stakeholders as they look towards the balance of 2020 and another successful year in 2021.